Let us help you grow your business
Get the funding you need to pay for services or assets to help your business grow and thrive.
Overview
Enjoy peace of mind with a small business term loan, knowing you have the funding you need to run your business and be successful.
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Highlights
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Terms between 1 and 7 years
Enjoy term lengths to fit your small business needs.
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Fixed interest rate
Don't worry about a changing rate.
Member Emily from The Tail Haven shares how RCU has helped her business.
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Why Choose RCU?
At RCU, we’re passionate about helping our Members improve their lives. If you want a credit union that keeps your unique needs in mind and helps you envision and manage your financial future, the friendly experts at RCU are here for you.
Best in State Credit Union by Forbes Magazine
That’s how many chats, emails, and calls were served by our local Member Service Center in 2021.
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Get the funding you need to succeed
Finance your business now, pay back your small business term loan later.
Rates
Forms
Small Business Term Loan Form
*You may bring all completed forms into any RCU branch or mail it to the following address:
Redwood Credit Union
Attn: Business Services
P.O. Box 6104
Santa Rosa, CA 95406-0104
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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